Kentor strikes gold

Kentor Gold has completed a placement and rights issue to raise $20.2 million.

Firms: Herbert Geer (Kentor Gold Ltd)

Deal: Placement and rights issue

Area: Corporate

Value: Raising of a total of $20.2 million. The rights issue was partially underwritten by Kentor’s largest shareholder, KMP Investments Pte Ltd

Key players: Lead Herbert Geer Partner was Michael Truelove (pictured). He was assisted by Felicity O’Brien

Deal significance: The placement will allow Kentor to progress the development at both the Murchison Gold Project in Western Australia and the Jervois Copper and Base Metals Project in the Northern Territory. The joint lead managers on the deal were Helmsec Global Capital Limited and RBS Morgans Corporate Limited.

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